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in just about an hour. we're already seen the report from senator carl levin. a democrat. head of the senate permanent subcommittee on investigations. senator levin said that he found significant abuses inside many american companies. >> multi-nationals have avoided billions of dollars in taxes using these offshore gimmicks. they have benefited greatly. but these loopholes and abuses exact a tremendous cost. >> reporter: there are two companies in the crosshairs today. first is microsoft. senate report saying from 2009 to 2011 microsoft was able to shift offshore nearly $21 billion or almost half its u.s. retail sales net revenue saving up to $4.5 billion in taxes on goods sold in the united states. we talked to microsoft. here's what they told us. they say, microsoft has a complex business and we must comply with the complicated tax code of the united states, resulting in an exceedingly complex tax structure. second company in the crosshairs here today is going to be hewlett-packa hewlett-packard. the senate committee saying since at least 2008, hp has used billions of dollars
vice presidential candidate paul ryan exclusively. he spoke with carl quintanilla on "squawk on the street" earlier this morning and gave his reaction to the latest jobs data. let's listen. >> 8.1 this month means 43 months above 8%. remember when the president promised that he would prevent unemployment from getting above 8% if we passed the stimulus package? it's not been below 8% since then. making the predictions passing the stimulus, they said that unemployment down like at 5.4% today. this is just another example of lots of promises and lofty rhetoric made. >> all right. let's listen in again to president obama speaking in new hampshire. >> let's go ahead and get that done. let's get it done now. and by the way, if the republicans are serious about being concerned about joblessness, we could create a million new jobs right now if congress would pass the jobs plan that i sent to them a year ago. jobs for teachers. jobs for construction workers. jobs for folks looking for work for a long time. we can do that. but i need your help, new hampshire. i need your voices. you se
.4% nearly after carl eicahn issued a letter. i have a mesh an for the board, my cons are not threats, they are demands i take seriously in light of the investment, a 349 million investment, as should you, says icahn in light of your fiduciary obligations. goes on to talk about the history of and a half advice star and standing his ground here. >>> on the last day of the year, a slate of tax cuts expires, as you probably know, spending cuts automatically triggered unless there is a deal. they call it sequestration, fancy word. capitol hill reacting by playing the blame game. john harwood on the case. hi, john. >> hi, tyler. the question is soon about when you deal with the fiscal cliff and what constitutes soon. as of now, between now and the election, all you canposturing, we heard from republicans and democrats today. here is speaker john boehner. >> i'm not confident at all. listen, the house has done its job on both the sequester around on the looming tax hikes that will cost our economy some 700,000 jobs. the senate at some point has to act. and on both of these, where's the pres
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